Quote

It is the consistency of the information that matters for a good story, not its completeness. Indeed, you will often find that knowing little makes it easier to fit everything you know into a coherent pattern.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Matter
Story
Pattern
Good
Often
Patterns
Makes
Fit
Stories
Indeed
Littles
Matters
Find
Easier
Completeness
Little
Information
Coherent
Everything
Knowing
Consistency

More quotes by Daniel Kahneman

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You're surprised by something, but you don't really know what surprised you you recognize someone, but you don't really know what cues cause you to recognize that person.
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There is a huge wave of interest in happiness among researchers. There is a lot of happiness coaching. Everybody would like to make people happier.
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Individual investors predictably flock to stocks in companies that are in the news.
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People just hate the idea of losing. Any loss, even a small one, is just so terrible to contemplate that they compensate by buying insurance, including totally absurd policies like air travel.
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We are very influenced by completely automatic things that we have no control over, and we don't know we're doing it.
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If people can construct a simple and coherent story, they will feel confident regardless of how well grounded it is in reality.
Daniel Kahneman
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Hindsight bias makes surprises vanish.
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We're generally overconfident in our opinions and our impressions and judgments.
Daniel Kahneman
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We have associations to things. We have, you know, we have associations to tables and to - and to dogs and to cats and to Harvard professors, and that's the way the mind works. It's an association machine.
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There are domains in which expertise is not possible. Stock picking is a good example. And in long-term political strategic forecasting, it's been shown that experts are just not better than a dice-throwing monkey.
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People are very good [at] thinking about agents. The mind is set really beautifully to think about agents. Agents have traits. Agents have behaviors. We understand agents. We form global impression of their personalities. We are really not very good at remembering sentences where the subject of the sentence is an abstract notion.
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Our memory tells us stories, that is, what we get to keep from our experiences is a story.
Daniel Kahneman
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If individuals are rational, there is no need to protect them against their own choices.
Daniel Kahneman
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You should not take your intuitions at face value.
Daniel Kahneman
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If you can't take the time for a vacation right now, or even a night out with friends, put something on the calendar - even if it's a month or a year down the road. Then whenever you need a boost of happiness, remind yourself about it.
Daniel Kahneman
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The evidence is unequivocal, there's a great deal more luck than skill in people getting very rich.
Daniel Kahneman
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Many people will admit that they made a mistake [putting money in dot-coms or telecoms at their peak] But that doesn’t mean that they’ve changed their mind about anything in particular. It doesn’t mean that they are now able to avoid that mistake.
Daniel Kahneman
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I have always emphasized the willingness to discard.
Daniel Kahneman
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Below an income of ... $60,000 a year, people are unhappy, and they get progressively unhappier the poorer they get. Above that, we get an absolutely flat line. ... Money does not buy you experiential happiness, but lack of money certainly buys you misery.
Daniel Kahneman
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When you look at the books about well-being, you see one word - it's happiness. People do not distinguish.
Daniel Kahneman